Active

5444 Camellia Avenue

North Hollywood, CA 91601
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SqFt6,587

Sqft(Lot)

PRICE REDUCED! Only ~$30,000 per unit!! KW Commercial is proud to present an exceptional ready-to-issue (RTI) 46-unit, 100% affordable housing ED 1 development opportunity located in the heart of North Hollywood's vibrant NOHO Arts District! Situated on a 6,591 sq. ft. corner lot, this 5-story apartment project is thoughtfully designed for maximum efficiency and minimal construction complexity. The unit mix includes 2 two-bedroom units, 27 one-bedroom units, and 16 studios, offering approximately 19,925 sq. ft. of rentable space. Located less than half a mile from the NOHO Metro Red Line Station, residents will enjoy easy access to public transportation and the abundance of shopping, dining, and entertainment that make the NOHO Arts District one of Los Angeles' most desirable neighborhoods . With a Walk Score of 87 and a Bike Score of 74, the property promises high tenant demand and stable occupancy for years to come. This 100% affordable housing community includes: 2 units reserved for very low-income households ( 50% AMI), 34 units reserved for low-income households ( 80% AMI), 8 units reserved for moderate-income households ( 110% AMI), and 1 market-rate manager's unit. Rents for the very low-and moderate-income units follow HCD Schedule VI, while the low-income units align with TCAC Schedule IX. Additionally, the property's location is ideal for attracting Section 8 voucher tenants, potentially increasing rental income by up to 20% per unit. The proposed design features zero parking spaces, significantly reducing construction costs for developers. The site is currently improved with a vacant duplex, eliminating the need for tenant relocation and ensuring a smooth path to construction. Don't miss this rare opportunity to develop a fully affordable housing project in a high-demand Los Angeles neighborhood, all at an exceptional value of just under $30,000/per unit!! May be delivered as a vacant lot if desired. Contact the listing agent today for additional information or to request a full set of approved plans.

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Detail Ic Property Details

Property Type : Land

Price : $1,449,000

AD Id : 68013704

MLS Id : 25607381

Lot Size : 6,587 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1512
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6587

  • Listing Price Information

    Original List Price: 1,449,000 Listing Contract Date: 2025-10-22
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 2350009047

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: NHO - North Hollywood Postal Code Plus 4: 2616 Directions: North of Chandler Blvd, South of Burbank Blvd, West of Lankershim Blvd, West of 170 Freeway Zoning: LARD1.5 Source Property Type: Land Area: NHO - North Hollywood
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5716 Willowcrest, North Hollywood, CA, 91601 $875,000 -- -- -- 6,761 Sqft(Lot)
5254 Riverton, North Hollywood, CA, 91601 $2,200,000 -- -- -- 8,112 Sqft(Lot)
5315 Riverton Avenue, North Hollywood, CA, 91601 $2,000,000 -- -- -- 10,799 Sqft(Lot)
5926 Lemp Avenue, North Hollywood, CA, 91601 $1,100,000 -- -- -- 6,631 Sqft(Lot)
5922 Lemp Avenue, North Hollywood, CA, 91601 $1,100,000 -- -- -- 6,613 Sqft(Lot)

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ByOwner last updated this listing 06/19/2026 @ 08:51

MLS: 25607381 LISTED BY: Daniel Shamooelian, Keller Williams Beverly Hills 310-432-6400 SOURCE: CRMLS

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